EnvironmentAL, Social & Governance ReportS

Welcome to our second Environmental, Social and Governance (ESG) Report. We report on the progress made against our commitments and achievements over the last year and detail new targets and strategies for the future.

Since becoming Australia’s first 1.5°C electricity retailer, we have begun to reflect on how we can help create a 1.5°C world for everyone, and what this world looks like. We also recognise that no part of ZEN operates in isolation, and this thinking forms our sustainability reporting plans. Alongside the recent release of International Financial Reporting Standards Foundation (IFRS)S1 and S2 standards from the International Sustainability Standards Board (ISSB), and the upcoming Australian Sustainability Reporting Standards, we believe that by presenting a fuller picture of our business, we can more accurately account for our impact. Going forward, we aim to more tightly align our reporting with these standards, as well as the Integrated Reporting Framework established by the IFRS.

* ZEN engaged one of Australia’s leading ESG report specialists, Currie Communications, to assess the report using the globally recognised Global ESG Monitor (GEM) methodology. GEM ranks organisations based on the clarity and relevance of their ESG reports. After being extensively assessed against a benchmark comprising the top 50 ASX companies (2019 reporting sample), ZEN Energy’s ESG report has ranked at the top, scoring 50.